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ANA Report - San Francisco

As usual, a long long week. PNG Day was Tuesday, and was a surprising good day for selling errors - usually collectors and dealers are there for normal

Message 1 of 10
, Aug 2 10:30 AM

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As usual, a long long week.

PNG Day was Tuesday, and was a surprising good day for
selling errors - usually collectors and dealers are there
for "normal" coins, but I sold a good amount of errors
that particular day....and bought almost nothing.

ANA officially started Wednesday, and that was probably
the best day of the show - as you might have heard from
others, overall this SF ANA was one of the worst retail
ANA's ever - for a variety of given reasons: (take your pick)

* San Fran. just isn't a good coin town anymore - despite
being in the general Silicon Valley area

* Because of the change of venue from San Jose to SF, the
show was on at least two different floors - ANA Registration
was on the second floor, along with the U.S. Mint Exhibit
(more on that - just incredible!), the other World Mints,
the Exhibit area, and the ANA area, along with all of the
meeting rooms and Auction Viewing and Auction Room.

* The very large ANA "Entrance Archway Banner", which is
usually just in front of the Bourse room, was instead
just in front of the escalator going up to the 2nd floor.
As far as I (and others) know, there was nothing said to
people who went up there to Regisister, or as they went
thru the Mint Booths, Exhibits, ANA Headquarters table,
and then left that area, that there was a coin show
downstairs! There was nothing at the top of the escalator,
no sign at the bottom of the escalator, nor anything in
the entry area, or in front of the Bourse Area Entrance
that there was a coin show inside!

* I talked to numerous dealers and others who talked to the
public after they came downstairs, and were waundering
in the lobby - that they had no idea there was a coin
show literally a few feet away from them.......

* Finally, I believe, on Saturday afternoon, and Sunday,
there were PA announcements to the effect of "Please
don't forget to go down and visit the coin show". A
little too little, and a little too late.......

More in my next post.

Mike Diamond

Sorry to hear the show was poorly organized and something of a bust. I guess I didn t miss much by not going. I am planning on coming to the next two, though.

Message 2 of 10
, Aug 2 10:34 AM

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Sorry to hear the show was poorly organized and something of a bust.
I guess I didn't miss much by not going. I am planning on coming to
the next two, though.

I hope that at least your reminiscence on the early days of the error
hobby was well-attended.

> As usual, a long long week.
>
> PNG Day was Tuesday, and was a surprising good day for
> selling errors - usually collectors and dealers are there
> for "normal" coins, but I sold a good amount of errors
> that particular day....and bought almost nothing.
>
> ANA officially started Wednesday, and that was probably
> the best day of the show - as you might have heard from
> others, overall this SF ANA was one of the worst retail
> ANA's ever - for a variety of given reasons: (take your pick)
>
> * San Fran. just isn't a good coin town anymore - despite
> being in the general Silicon Valley area
>
> * Because of the change of venue from San Jose to SF, the
> show was on at least two different floors - ANA Registration
> was on the second floor, along with the U.S. Mint Exhibit
> (more on that - just incredible!), the other World Mints,
> the Exhibit area, and the ANA area, along with all of the
> meeting rooms and Auction Viewing and Auction Room.
>
> * The very large ANA "Entrance Archway Banner", which is
> usually just in front of the Bourse room, was instead
> just in front of the escalator going up to the 2nd floor.
> As far as I (and others) know, there was nothing said to
> people who went up there to Regisister, or as they went
> thru the Mint Booths, Exhibits, ANA Headquarters table,
> and then left that area, that there was a coin show
> downstairs! There was nothing at the top of the escalator,
> no sign at the bottom of the escalator, nor anything in
> the entry area, or in front of the Bourse Area Entrance
> that there was a coin show inside!
>
> * I talked to numerous dealers and others who talked to the
> public after they came downstairs, and were waundering
> in the lobby - that they had no idea there was a coin
> show literally a few feet away from them.......
>
> * Finally, I believe, on Saturday afternoon, and Sunday,
> there were PA announcements to the effect of "Please
> don't forget to go down and visit the coin show". A
> little too little, and a little too late.......
>
> More in my next post.

fred_weinberg

That being said, I can say that both the Rare Coin and Error Coin Markets are very strong, with great demand for either Fresh material, or eye-catching

Message 3 of 10
, Aug 2 10:38 AM

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That being said, I can say that both the Rare Coin
and Error Coin Markets are very strong, with great
demand for either "Fresh" material, or eye-catching
material (both normal and error).

Major complaint from most normal coin dealers was
that no new material was around, it was tuff to buy
coins, and that anything good could have been sold
asap to their clients........

Great Coin Market, Scarcity of Material, and Lousy Retail

The public just wasn't buying, even the cheaper coins:
I had prepared singles, bags, bins, etc. of errors from
$10-$40 or so, with very few lookers, or sales.

I did sell alot of $100-$3,000 errors, and almost sold
my PCGS MS-65 Gem 1922-S Peace Dollar for close to
70K (Ex-Milt Cohen)

Purchases were below average (or average for the past
year or two!) - just stuff for Ebay or my next price
list......the best coin I bought was a GEM RED Full Date
1979-S SBA on a Cent planchet - literally the best one
I've ever seen......

Other than that - dissapointing that no new error coin
hoards or single pieces even surfaced - and I'm sure
alot of collectors were a bit dissapointed that they
couldn't find any "eye catching" errors on the floor.

I think Mike Byers would agree that he bought far less
that he would have liked to..........

Next post

byersnc

Your right, Fred. I bought only a fraction of the expensive mint errors that I handle. I will post 2 of them later today. The market is very strong for mint

Message 4 of 10
, Aug 2 10:48 AM

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Your right, Fred. I bought only a fraction of the expensive mint
errors that I handle. I will post 2 of them later today.

The market is very strong for mint errors, customers have long want
lists, and the few things being offered aren't being given away.

> That being said, I can say that both the Rare Coin
> and Error Coin Markets are very strong, with great
> demand for either "Fresh" material, or eye-catching
> material (both normal and error).
>
> Major complaint from most normal coin dealers was
> that no new material was around, it was tuff to buy
> coins, and that anything good could have been sold
> asap to their clients........
>
> Great Coin Market, Scarcity of Material, and Lousy Retail
>
> The public just wasn't buying, even the cheaper coins:
> I had prepared singles, bags, bins, etc. of errors from
> $10-$40 or so, with very few lookers, or sales.
>
> I did sell alot of $100-$3,000 errors, and almost sold
> my PCGS MS-65 Gem 1922-S Peace Dollar for close to
> 70K (Ex-Milt Cohen)
>
> Purchases were below average (or average for the past
> year or two!) - just stuff for Ebay or my next price
> list......the best coin I bought was a GEM RED Full Date
> 1979-S SBA on a Cent planchet - literally the best one
> I've ever seen......
>
> Other than that - dissapointing that no new error coin
> hoards or single pieces even surfaced - and I'm sure
> alot of collectors were a bit dissapointed that they
> couldn't find any "eye catching" errors on the floor.
>
> I think Mike Byers would agree that he bought far less
> that he would have liked to..........
>
> Next post

fred_weinberg

A few other thoughts, in no particular order: * Lonesome John Devine showed up Wednesday with his wife Peggy - the first ANA John s been to in about 20

Message 5 of 10
, Aug 2 10:52 AM

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A few other thoughts, in no particular order:

* "Lonesome John" Devine showed up Wednesday with
his wife Peggy - the first ANA John's been to
in about 20 years.....He had a great time seeing
some old friends (like Bill Fivaz, Dave Camire, etc)
and I bought another nice batch of Off-Centers and
Off-Metals from him - from the 1970's....

* Syd Kass and I gave our Numismatic Theater talk on
Saturday morning; about 22-24 people attended; it
went very very fast - Syd talked for about the first
20 minutes, and then I talked for the next 20-25 or
so, and we actually ran overtime with the Question &
Answer period - folks like Alan Herbert (Numis. News),
Bill Fivaz, Lee Gong, etc. were there. We didn't get
to go into too much detail about anyting, because of
the time, but I did have a few new collectors come
up to my table downstairs, after the talk, who said
they found it interesting and informatative.....

* I autographed copies of the new book on the 1913 Nickel
that was released at the show - two years ago at the
Baltimore ANA I was one of the 6 Dealers who authenticated
the "Missing" 1913 Liberty Nickel at 1:00 in the morning,
and got to hold ALL of the 5 pieces ! The book looks like
an interesting history of the coin, the mint at the time,
and how the missing coin came back to numismatics...I haven't
read the book yet (it's in my Brinks shipment!), but I hope
to get to it this weekend.....

* As usual with ANA's, it was a long week, very tiring, yet
exhilarating to talk to so many collectors, and see people
we haven't seen in years, and just be "immersed" in coins!

* There were very very few errors on the floor, or in any of
the Pre-Auctions; Heritage had about 10 error coins only;
I bought the Liberty Nickel on a Cent, the Double Struck
Texas Quarter (only one known), and another coin or two.

That's about it for now...I'll try to answer any questions
you guys might have.........

Fred

Fred

byersnc

Hi Lindy. We found it in one of the safes, it will be scanned and I will try to squeeze it in issue 13 of Mint Error News Magazine. Mike Byers Publisher and

Message 6 of 10
, Aug 2 11:41 AM

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Hi Lindy. We found it in one of the safes, it will be scanned and I
will try to squeeze it in issue 13 of Mint Error News Magazine.

> > <no_reply@y...> wrote:
> > > That being said, I can say that both the Rare Coin
> > > and Error Coin Markets are very strong, with great
> > > demand for either "Fresh" material, or eye-catching
> > > material (both normal and error).
> > >
> > > Major complaint from most normal coin dealers was
> > > that no new material was around, it was tuff to buy
> > > coins, and that anything good could have been sold
> > > asap to their clients........
> > >
> > > Great Coin Market, Scarcity of Material, and Lousy Retail
> > >
> > > The public just wasn't buying, even the cheaper coins:
> > > I had prepared singles, bags, bins, etc. of errors from
> > > $10-$40 or so, with very few lookers, or sales.
> > >
> > > I did sell alot of $100-$3,000 errors, and almost sold
> > > my PCGS MS-65 Gem 1922-S Peace Dollar for close to
> > > 70K (Ex-Milt Cohen)
> > >
> > > Purchases were below average (or average for the past
> > > year or two!) - just stuff for Ebay or my next price
> > > list......the best coin I bought was a GEM RED Full Date
> > > 1979-S SBA on a Cent planchet - literally the best one
> > > I've ever seen......
> > >
> > > Other than that - dissapointing that no new error coin
> > > hoards or single pieces even surfaced - and I'm sure
> > > alot of collectors were a bit dissapointed that they
> > > couldn't find any "eye catching" errors on the floor.
> > >
> > > I think Mike Byers would agree that he bought far less
> > > that he would have liked to..........
> > >
> > > Next post

Rafael Delgado

Very interesting report. Thanks Fred. Just would like to add that in Puerto Rico errors are not very well known or understood yet. We are expanding our

Message 7 of 10
, Aug 3 5:26 PM

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Very interesting report. Thanks Fred.

Just would like to add that in Puerto Rico errors are not
very well known or understood yet. We are expanding our
collections on very difficult times.
Rafael